The USDCHF rallies upwards – Analysis - 02-03-2021

Economies.com
2021-03-02 05:13AM UTC

The USDCHF pair breached 0.9090 level strongly and rallied upwards to activate the bullish trend scenario on the intraday and short term basis, and the way is open to visit 0.9190 as a next positive target, noting that breaching this level will extend the bullish wave to reach 0.9295 as a next station.

 

Therefore, the bullish trend will be suggested for the upcoming period unless breaking 0.9090 and holding below it.

 

The expected trading range for today is between 0.9100 support and 0.9230 resistance.

 

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
USD/JPY news

Forex

Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex News

Forex

Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
GBP USD Analysis

Forex

The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...